Malta Retirement Programme

The Malta Retirement Programme is open to all nationals of an EU Member State, EEA Member State or Switzerland, and are eligible to apply. However, if you’re a Maltese national, you cannot apply for the Malta Retirement Programme.

This programme offers special tax status, and consequently, qualify for the 15% flat tax rate on any foreign income received in Malta.

If you’re a Non-EU citizen and thinking of retiring in Europe, don’t worry, there are other residency and visa programmes for Non-EU citizens that you can consider. Similarly, you can contact us today to see if you can benefit from alternative tax efficient residence schemes.

You can only obtain this special tax status through a Maltese Authorised Registered Mandatory such as Papilio Services. As Malta Residency Specialists, we can assist you with relocating to Malta, by providing you with holistic and comprehensive residency advice.

Why Should You Retire in Malta?

Are You Eligible for the Malta Retirement Programme?

To be eligible for the Malta Retirement Programme, and subsequently, it’s attractive tax status, you must:

  1. Receive pension income in Malta. Your pension must constitute at least 75% of your chargeable income;
  2. Not be in an employment relationship. However, may hold non-executive posts on the board of a Maltese company and partake in certain activities (e.g. philanthropic);
  3. Hold a “qualified property”. In other words, you can either rent a property for a minimum of €9,600 per annum. On the other hand, you can purchase a residential property for at least €275,000;
  4. Not be a person who benefits under any of Malta’s other residency programmes. For example, the Individual Investor Programme, Global Residence Programme or the Visa and Residence Programme;
  5. Receive stable and regular resources which are sufficient to maintain yourself and any dependents without recourse to the social assistance system in Malta;
  6. Have a valid travel document;
  7. Be covered by an EU Health Insurance Policy;
  8. Not based in Malta and does not, within five years from application, intend to establish such residence in Malta;
  9. Be a fit and proper person with no criminal record. In addtion, a due diligence exercise is carried out by the Maltese Inland Revenue Department before the granting of the special tax status.

‘Popeye Village Malta’, the Film Set of the 1980 Musical Production “Popeye” starring Robin Williams and Shelley Duvall.

What is the Application Process to Apply for the Malta Retirement Programme?

You can only submit applications for the Malta Retirement Programme through the services of a Maltese Authorised Registered Mandatory. Moreover, Thomas Jacobsen (Managing Director of Papilio Services Limited) is accredited by Identity Malta for all Residency Programmes. Therfore we will ensure you’re supported professionally and expertly throughout your application

A non-refundable application fee of €2,500 is payable to the authorities upon application. Consequently, you will be granted special tax status if you meet all of the conditions.

Tax Provisions

If your application is accepted, Maltese authorities will tax you at 15% on any income originating outside of Malta, which is received in Malta. However, any income issued in Malta is subject to tax at the standard rate.

You’re required to pay a minimum tax of €7,500 per annum and an additional minimum tax of €500 per dependent and carer.

Do you have any more questions? Contact us and we can help

Papilio Services Limited – Contact Us

Are you are considering retiring to Malta? Papilio Services holistic and comprehensive residency advice. We pride ourselves on client retention and quality service, offering bespoke and tax-efficient solutions for international companies and individuals.

If you would like to get started with Malta’s Retirement Programme, contact us through email or call us directly +356 2122 7553. We look forward to hearing from you.

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